Little attention has been paid to the balance of payments provisions of the General Agreement on Tariffs & Trade (GATT), despite the fact that they directly influence the trade policies of the developing...
The role of trade policies in increasing growth and efficiency has long been a major focus in the development literature. This paper examines the impact of different development strategies, especially...
The basic infant industry argument maintains that: the cost of a new activity is initially high; it does not pay any individual to enter an infant industry at free trade prices; if developed, the industry...
This paper aims to test a model of the political economy of protection in two developing countries. The paper undertakes a preliminary analysis of the determinants of protection, using a national policy...
It is not possible to make a quantitative assessment of the need for or of the merits of infant-industry promotion without empirical evidence concerning costs and benefits. This report reviews the evidence...
This paper argues that the emiprical evidence does not disprove the efficacy of high levels of selective infant industry protection. The argument is based on two types of evidence. Recent research on technological...
The Acerias Paz del Rio Steel Project finances the foreign exchange cost of the the major portion of the steel mill operated by the Acerias Paz del Rio company. The company is the successor to a quasi-governmental...